BUROPIX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BUROPIX
Largest movements
- Receivables within one year -€43,280
down €43,280 (-76.0%), from €56,969 to €13,690
of which Trade receivables: -€44,003
- Stocks and contracts +€26,608
up €26,608 (+39.3%), from €67,675 to €94,283
of which Contracts in progress: +€21,313
- Tangible fixed assets +€25,557
up €25,557 (+76.3%), from €33,488 to €59,045
of which Furniture and vehicles: +€25,597
- Cash -€22,960
down €22,960 (-62.2%), from €36,892 to €13,932
mainly Net result for the year (-€45,726) and Investment in fixed assets (net) (-€37,308)
- Deferred charges and accrued income +€3,674
new in 2025: €3,674
- Profit (loss) carried forward -€45,726
down €45,726 (-51.2%), from -€89,383 to -€135,108
- Revaluation surpluses +€34,795
new in 2025: €34,795
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Other debts -€18,330
down €18,330 (-17.9%), from €102,341 to €84,012
- Tax, wage and social debts -€13,162
down €13,162 (-48.3%), from €27,266 to €14,104
of which Taxes: -€8,707
- Gross operating margin -€145,989
down €145,989 (-64.8%), from €225,171 to €79,181
- Staff costs -€32,378
down €32,378 (-21.6%), from €149,885 to €117,507
- Write-downs -€15,641
no longer reported in 2025 (was €15,641)
- Financial charges -€10,065
down €10,065 (-82.8%), from €12,157 to €2,092
- Financial income -€4,552
down €4,552 (-43.3%), from €10,515 to €5,963
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,295 | €187,313 | -€7,983 | -4.1% |
| Fixed assets | 21/28 | €33,759 | €61,734 | +€27,975 | +82.9% |
| Intangible fixed assets | 21 | - | €2,689 | +€2,689 | |
| Tangible fixed assets | 22/27 | €33,488 | €59,045 | +€25,557 | +76.3% |
| Plant, machinery and equipment | 23 | €2,229 | €5,161 | +€2,932 | +132% |
| Furniture and vehicles | 24 | €13,245 | €38,842 | +€25,597 | +193% |
| Other tangible fixed assets | 26 | €18,014 | €15,042 | -€2,973 | -16.5% |
| Financial fixed assets | 28 | €271 | - | -€271 | |
| Current assets | 29/58 | €161,537 | €125,579 | -€35,958 | -22.3% |
| Stocks and contracts in progress | 3 | €67,675 | €94,283 | +€26,608 | +39.3% |
| Stocks | 30/36 | €67,675 | €72,970 | +€5,295 | +7.8% |
| Contracts in progress | 37 | - | €21,313 | +€21,313 | |
| Amounts receivable within one year | 40/41 | €56,969 | €13,690 | -€43,280 | -76.0% |
| Trade receivables | 40 | €56,969 | €12,966 | -€44,003 | -77.2% |
| Other amounts receivable | 41 | - | €723 | +€723 | |
| Cash at bank and in hand | 54/58 | €36,892 | €13,932 | -€22,960 | -62.2% |
| Deferred charges and accrued income | 490/1 | - | €3,674 | +€3,674 | |
| Total equity and liabilities | 10/49 | €195,295 | €187,313 | -€7,983 | -4.1% |
| Equity | 10/15 | €34,546 | €23,615 | -€10,931 | -31.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €34,795 | +€34,795 | |
| Reserves | 13 | €98,929 | €98,929 | = | 0.0% |
| Distributable reserves | 133 | €98,929 | €98,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,383 | -€135,108 | -€45,726 | -51.2% |
| Amounts payable | 17/49 | €160,749 | €163,698 | +€2,948 | +1.8% |
| Amounts payable after more than one year | 17 | €15,735 | €15,735 | = | 0.0% |
| Financial debts | 170/4 | €15,735 | €15,735 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,014 | €147,963 | +€2,948 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Financial debts | 43 | €1,825 | €1,342 | -€483 | -26.5% |
| Credit institutions | 430/8 | €1,825 | €1,342 | -€483 | -26.5% |
| Trade debts | 44 | €13,582 | €18,505 | +€4,923 | +36.2% |
| Suppliers | 440/4 | €13,582 | €18,505 | +€4,923 | +36.2% |
| Taxes, remuneration and social security | 45 | €27,266 | €14,104 | -€13,162 | -48.3% |
| Taxes | 450/3 | €13,248 | €4,541 | -€8,707 | -65.7% |
| Remuneration and social security | 454/9 | €14,018 | €9,563 | -€4,454 | -31.8% |
| Other amounts payable | 47/48 | €102,341 | €84,012 | -€18,330 | -17.9% |
| Remuneration, social security and pensions | 62 | €149,885 | €117,507 | -€32,378 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,183 | €9,332 | -€851 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,641 | - | -€15,641 | |
| Other operating charges | 640/8 | €2,082 | €1,512 | -€571 | -27.4% |
| Non-recurring operating charges | 66A | €3,242 | - | -€3,242 | |
| Gross operating margin | 9900 | €225,171 | €79,181 | -€145,989 | -64.8% |
| Operating profit (loss) | 9901 | €44,138 | -€49,169 | -€93,307 | |
| Financial income | 75/76B | €10,515 | €5,963 | -€4,552 | -43.3% |
| Recurring financial income | 75 | €10,515 | €5,963 | -€4,552 | -43.3% |
| Financial charges | 65/66B | €12,157 | €2,092 | -€10,065 | -82.8% |
| Recurring financial charges | 65 | €12,157 | €2,092 | -€10,065 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €42,496 | -€45,297 | -€87,793 | |
| Income taxes | 67/77 | €452 | €428 | -€23 | -5.2% |
| Profit (loss) for the period | 9904 | €42,044 | -€45,726 | -€87,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,044 | -€45,726 | -€87,770 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.